Main Street Financial Solutions LLC Raises Stock Holdings in Amphenol Co. (NYSE:APH)

Main Street Financial Solutions LLC boosted its holdings in shares of Amphenol Co. (NYSE:APH) by 112.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,644 shares of the electronics maker’s stock after purchasing an additional 2,461 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Amphenol were worth $313,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Beacon Capital Management LLC boosted its position in Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC boosted its position in Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 188 shares in the last quarter. Sachetta LLC boosted its position in Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 249 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in Amphenol during the fourth quarter worth approximately $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in Amphenol during the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on APH shares. Bank of America downgraded Amphenol from a “buy” rating to a “neutral” rating and decreased their target price for the company from $80.00 to $71.00 in a research report on Wednesday, September 4th. Truist Financial raised their target price on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. TD Cowen raised their target price on Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research report on Thursday, June 6th. Citigroup raised their target price on Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.04.

Amphenol Trading Up 0.2 %

APH opened at $63.58 on Friday. Amphenol Co. has a 52 week low of $39.34 and a 52 week high of $70.84. The business has a fifty day simple moving average of $64.61 and a 200-day simple moving average of $62.64. The firm has a market cap of $76.57 billion, a P/E ratio of 38.89, a P/E/G ratio of 2.45 and a beta of 1.24. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the business posted $0.72 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities analysts expect that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a yield of 1.04%. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at $3,373,382. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,516,000 shares of company stock worth $98,236,640. Company insiders own 1.80% of the company’s stock.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.